Airad, an Algerian information technology and software engineering company, is planning to raise capital through an Initial Public Offering (IPO) on the Algiers Stock Exchange. The company intends to list on the “Namoow” market, which is designed for small and medium-sized enterprises.
Quick Facts
- Offering: 1.25 million new shares, representing 25% of capital.
- Share Price: 800 Algerian Dinars (~$6) per share.
- Subscription Period: June 1 – 30, 2026.
A New Path to Capital
Airad’s public offering will consist of 1.25 million new shares priced at 800 DZD each, with an expected total size of one billion Algerian dinars. The move will increase the company’s capital from 25 million DZD to 1.025 billion DZD.
The offering is structured to attract a mix of investors: 50% of the shares are allocated for individual investors, 49.5% for institutional investors, and the remaining 0.5% are reserved for company employees.
Boosting Algeria’s Public Markets
The listing on the “Namoow” market highlights a growing trend of Algerian startups turning to public markets for growth capital. This market offers more flexible listing requirements compared to the main bourse; companies can list a minimum of 10% of their shares to at least 50 shareholders, versus 20% to 150 shareholders on the main market.
This move follows the IPO of Moustachir last year, the first startup to list on the Algerian exchange. The Algiers Stock Exchange is actively encouraging such listings, announcing in February a three-year exemption from listing fees for startups, effective from 2026 to 2028.
About Airad
Founded nearly 17 years ago, Airad specializes in information technology, software engineering, and the development of digital solutions and services in Algeria.
Source: Zawya
